Kenyan MPs call for deferral of new projects in austerity drive

A Kenyan parliamentary committee said on Thursday that it will reject the government’s 2021/22 budget plan if the deficit goal is set at more than the currently proposed 7.5 per cent of GDP. Moreover, BOC Kenya’s proposed takeover by Carbacid in collaboration with Aksaya Investments has been put on hold pending the hearing of an appeal at the Capital Markets Tribunal. Ann Wacera, Investment Analyst at Cytonn spoke to CNBC Africa for more.

Mon, 12 Apr 2021 11:15:11 GMT
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